SOURCE: Lakeland Industries, Inc.

October 09, 2007 09:00 ET

Lakeland Industries Introduces New Product for Pharmaceutical and Aseptic Applications

RONKONKOMA, NY--(Marketwire - October 9, 2007) - Lakeland Industries, Inc. (NASDAQ: LAKE), a market leader in protective apparel, today announced that it has begun shipment of a new product for pharmaceutical and aseptic applications. This new product is a high density woven, anti-static garment for clean room uses. The garments are anti-microbial and have strong repellant barriers to provide a high level of protection and comfort within a clean room environment.

The first shipments of this garment, to a leading North American provider of branded uniforms, will generate approximately $1.4 million in sales and are expected to ship during Lakeland's fiscal 2008 third and fourth quarters. Lakeland has begun marketing this new product line to select end-users and distributors, initially targeting the pharmaceutical industry and later more extensively within the healthcare and high technology markets.

"We are pleased to see early acceptance of our woven garments divisions' new product line aimed at the pharmaceutical industry. Our initial large order represents the emergence of new product revenues replacing lost disposable garment revenues over the past six months," said Christopher Ryan, Chief Executive Officer of Lakeland Industries, Inc.

About Lakeland Industries, Inc.:

Lakeland Industries manufactures and sells a comprehensive line of safety garments and accessories for the industrial protective clothing market. The Company's products are sold by an in-house sales force and independent sales representatives to a network of over 1000 safety and mill supply distributors. These distributors in turn supply end user industrial customers such as chemical/petrochemical, automobile, steel, glass, construction, smelting, janitorial, pharmaceutical and high technology electronics manufacturers, as well as hospitals and laboratories. In addition, Lakeland supplies fire and police departments, airport crash rescue units, and numerous federal, state and municipal agencies for a variety of uses including Homeland Security Protection for chemical and biological warfare. For more information concerning Lakeland, please visit us at: www.lakeland.com.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements, without limitation, regarding our expectations, beliefs, intentions or strategies regarding the future. We intend that such forward-looking statements be subject to the safe-harbor provided by the Private Securities Litigation Reform Act of 1995. The forward-looking information is based upon current information and expectations regarding Lakeland Industries, Inc. These estimates and statements speak only as of the date on which they are made, are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecasted in such forward-looking statements.

Contact Information

  • Lakeland Industries Contacts:
    Christopher J. Ryan
    CEO
    631-981-9700
    Email Contact

    Gary Pokrassa
    CFO
    631-981-9700
    Email Contact

    Investor Relation Contact:
    Jordan Darrow
    Darrow Associates
    631-367-1866
    Email Contact